Investors Purchase Large Volume of Call Options on FiscalNote (NYSE:NOTE)

FiscalNote Holdings, Inc. (NYSE:NOTE) was the recipient of unusually large options trading activity on Friday. Traders purchased 2,364 call options on the stock. This represents an increase of approximately 1,718% compared to the typical volume of 130 call options.

FiscalNote Trading Up 20.5 %

Shares of FiscalNote stock opened at $1.09 on Friday. The company has a 50 day simple moving average of $0.97 and a two-hundred day simple moving average of $1.26. The firm has a market cap of $153.22 million, a PE ratio of -4.80 and a beta of 0.48. FiscalNote has a 1 year low of $0.75 and a 1 year high of $2.27. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.81 and a quick ratio of 0.81.

Analysts Set New Price Targets

A number of brokerages have recently commented on NOTE. EF Hutton Acquisition Co. I raised FiscalNote to a “strong-buy” rating in a research report on Monday, October 28th. B. Riley cut their target price on shares of FiscalNote from $2.00 to $1.75 and set a “buy” rating for the company in a research report on Wednesday, November 13th.

Insider Transactions at FiscalNote

In other FiscalNote news, CEO Tim Hwang sold 22,186 shares of the business’s stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $1.18, for a total value of $26,179.48. Following the transaction, the chief executive officer now owns 2,471,867 shares of the company’s stock, valued at approximately $2,916,803.06. The trade was a 0.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 55,910 shares of company stock worth $66,825 in the last quarter. 47.59% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On FiscalNote

A number of large investors have recently modified their holdings of NOTE. Vanguard Group Inc. boosted its position in FiscalNote by 0.3% during the first quarter. Vanguard Group Inc. now owns 4,157,496 shares of the company’s stock valued at $5,529,000 after buying an additional 12,853 shares during the period. State Street Corp lifted its stake in shares of FiscalNote by 1.4% in the 3rd quarter. State Street Corp now owns 1,261,429 shares of the company’s stock valued at $1,615,000 after acquiring an additional 17,624 shares during the last quarter. AQR Capital Management LLC purchased a new stake in FiscalNote during the 2nd quarter valued at about $26,000. Charles Schwab Investment Management Inc. grew its position in FiscalNote by 4.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 566,144 shares of the company’s stock worth $725,000 after acquiring an additional 21,811 shares during the last quarter. Finally, International Assets Investment Management LLC increased its stake in FiscalNote by 35.1% in the 3rd quarter. International Assets Investment Management LLC now owns 134,656 shares of the company’s stock worth $172,000 after purchasing an additional 34,956 shares during the period. 54.31% of the stock is owned by hedge funds and other institutional investors.

FiscalNote Company Profile

FiscalNote Holdings, Inc operates as technology company North America, Europe, Australia, and Asia. It combines artificial intelligence technology, machine learning, and other technologies with analytics, workflow tools, and expert research. The company also delivers that intelligence through its suite of public policy and issues management products, as well as powerful tools to manage workflows, advocacy campaigns, and constituent relationships.